Arcimoto Goes Public Under Regulation A With Shares Available to
Retail Investors Effective Immediately

Company preparing offering for public listing on NASDAQ and planning
for full production of highly affordable Arcimoto SRK everyday electric
vehicle

August 16, 2017 08:00 AM Eastern Daylight Time

EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto®,
makers of the world’s first Fun Utility Vehicle™ — an affordable and
practical pure electric vehicle for everyday commuters and fleets,
announced today that its Reg A+ IPO has received qualification from the
SEC. Concurrent with the live offering, the Company has begun preparing
an S-1 format Form 1-A and Nasdaq Capital Market application in
anticipation of a possible public listing of the stock at the conclusion
of the offering. WR Hambrecht + Co is acting as the sole and exclusive
underwriter for the Reg A+ IPO for Arcimoto.

Effective immediately, retail investors around the world can purchase
equity in Arcimoto at $6.50 per share and participate in the company’s
global mission to catalyze a shift to a sustainable transportation
system. That mission serves the public interest around the world through
the design, development and manufacture of the Arcimoto SRK everyday
electric vehicle, bringing highly affordable, environmentally friendly
and extraordinarily efficient transportation within reach of virtually
everyone.

“Our thesis since the beginning has been to develop an incredibly fun
and highly useful vehicle at a disruptive price point the mass market
can afford,” said Mark Frohnmayer, President and founder of Arcimoto.
“We believe the Arcimoto SRK will deliver on that vision: our target
base model price of $11,900 is about a third of what a typical new
electric car costs, and the near universal expression of glee from test
drivers prompted us to dub it the world’s first Fun Utility Vehicle.
Today we are delighted to announce the availability of Arcimoto shares
to the public, and the opportunity for citizens and everyday investors
to take part in our mission to move the world towards a sustainable
transportation system.”

Headquartered and manufactured in Eugene, Oregon, Arcimoto is devising
new technologies and patterns of mobility that together raise the bar
for environmental efficiency, footprint and affordability. Available for
pre-order today with a target purchase price of $11,900, Arcimoto’s SRK
defines the Fun Utility Vehicle category: it’s the lightest, most
affordable and performance-packed electric vehicle suitable for the
daily driver. For more information please visit www.arcimoto.com

About WR Hambrecht + Co

WR Hambrecht + Co has been focused on opening the investing world to as
many people as possible at fair market prices and was instrumental in
reforming Regulation A to help accomplish that for growth companies and
investors. Its Regulation A+ strategy is a continuation of the Hambrecht
legacy of conducting small public offerings for what were once
considered high-risk start-ups that are now household names and Fortune
500 companies.